Saudi Aramco Order Book Said to Be $40 Billion for Dollar- Bond Sale

The transcript discusses Aramco's debut dollar bond sale, highlighting a $40 billion order book and initial pricing close to the Saudi sovereign curve. The bond sale spans six tranches from 3 to 30 years. With high demand, there's potential for Aramco to price inside the sovereign, a notable achievement for a state-owned entity. Investor interest and feedback suggest pricing may tighten further, leading to a sizable issue.

What are the implications of a state-owned company pricing tighter than the sovereign?

What does the text suggest about investor sentiment regarding the bond issue?